Q:

Calculate the total budget and then fill in the missing percentages. You will give some of the answers more than once. Total budget = Household Budget Item Percent % Amount $ Donations 1,620 Taxes 1,620 Food 3,510 Clothing 2,700 Housing 1,350 Transportation 675 Insurance 675 Savings 675 Recreation and miscellaneous 675

Accepted Solution

A:
Total budget=Donations+Taxes+Food+Clothing+Housing+Transportation+
                      Insurance+Savings+Recreation and miscellaneous
Total budget=$1,620+$1,620+$3,510+$2,700+$1,350+$675+$675+$675+$675
Total budget=$13,500

Percent (%)
Donations=($1,620/$13,500)*100%=(0.12)*100%=12%
Taxes=($1,620/$13,500)*100%=(0.12)*100%=12%
Food=($3,510/$13,500)*100%=(0.26)*100%=26%
Clothing=($2,700/$13,500)*100%=(0.20)*100%=20%
Housing=($1,350/$13,500)*100%=(0.10)*100%=10%
Transportation=($675/$13,500)*100%=(0.05)*100%=5%
Insurance=($675/$13,500)*100%=(0.05)*100%=5%
Savings=($675/$13,500)*100%=(0.05)*100%=5%
Recreation and miscellaneous=($675/$13,500)*100%=(0.05)*100%=5%

Answers:
Total budget = 13,500

                        Household Budget
     Item                                      Percent        Amount
                                                      %                   $ 
Donations                                     12               1,620
Taxes                                            12               1,620 
Food                                             26               3,510
Clothing                                        20               2,700 
Housing                                        10               1,350
Transportation                                5                  675 
Insurance                                       5                  675
Savings                                          5                  675
Recreation and miscellaneous       5                  675